HEALTHCARE ACCESS MARYLAND INC (EIN 522017095) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

BRET MINARIK

Phone

4106490521

Tax Period

2024-07-01 to 2025-06-30

HEALTHCARE ACCESS MARYLAND INC, founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $21.4M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $18.5M left a modest 14% surplus.

Mission

WE ARE MAKING MARYLAND HEALTHIER BY CONNECTING RESIDENTS TO INSURANCE AND CARE, EDUCATING THE COMMUNITY ABOUT HEALTHIER LIVING, AND ADVOCATING A MORE EQUITABLE HEALTH CARE SYSTEM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $20,630,789

Program Service Revenue $905,670

Investment Income $-129,312

Other Revenue $28,272

TOTAL REVENUE $21,435,419

Expense Breakdown

Grants Paid $660

Salaries & Benefits $15,283,244

Fundraising Expenses $66,401

Program Expenses $15,818,162

Other Expenses $3,243,306

TOTAL EXPENSES $18,527,210

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,435,419	$17,928,122	+0.2%
Expenses	$18,527,210	$18,206,447	+0.0%
Net Income	$2,908,209	$-278,325	-11.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

261

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$485,071

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN KAPLAN	CHAIR	1.00	Officer Director	$0	$0	$0
CHERYL JONES	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS KIM	TREASURER	1.00	Officer Director	$0	$0	$0
FRED COOPER	TREASURER (PART YEAR)	1.00	Officer Director	$0	$0	$0
PETER WERTHEIMER	SECRETARY	1.00	Officer Director	$0	$0	$0
STEPHANIE BROWN	BOARD MEMBER (PART YEAR)	1.00	Director	$0	$0	$0
RIVKA FRIEDMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT FALCAO	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA KEMP	BOARD MEMBER (PART YEAR)	1.00	Director	$0	$0	$0
KIM LANGENHAHN	BOARD MEMBER	1.00	Director	$0	$0	$0
PAMELA LAWRENCE	BOARD MEMBER	1.00	Director	$0	$0	$0
NORMA NORRIS	BOARD MEMBER (PART YEAR)	1.00	Director	$0	$0	$0
LIELA NOWROOZ	BOARD MEMBER	1.00	Director	$0	$0	$0
KERRILANE PRUNELLA	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMIKO STANLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
AMANDA VERNER-THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
NICO WASHINGTON	BOARD MEMBER (PART YEAR)	1.00	Director	$0	$0	$0
TRACI KODECK	CEO	40.00	Officer	$211,860	$45,218	$257,078
JULIA O'TOOLE	CFO (PART YEAR)	40.00	Officer	$153,023	$12,771	$165,794
BRET MINARIK	CFO	40.00	Officer	$58,376	$3,823	$62,199
ELISE GOODWIN	CHIEF OPERATING OFFICER	40.00	Highest	$146,396	$7,413	$153,809
KIMBERLY LYLES	DIRECTOR OF POP HEALTH	40.00	Highest	$124,516	$7,510	$132,026
JOSEPH POINDEXTER	SR DIRECTOR, HEALTH INSUR.	40.00	Highest	$119,778	$7,994	$127,772
JANELLE KELLUM	DIRECTOR MATCH PROGRAM	40.00	Highest	$118,327	$7,608	$125,935
VANESSA DANIELS	DIRECTOR OF ELIG	40.00	Highest	$110,348	$6,155	$116,503

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$21,435,419	$18,527,210	$8,723,574	$2,908,209
2024	$17,928,122	$18,206,447	$6,989,565	$-278,325
2023	$18,116,211	$18,566,325	$8,324,679	$-450,114
2022	$18,316,703	$18,641,872	$7,425,097	$-325,169
2021	$22,044,574	$19,066,227	$8,321,624	$2,978,347
2020	$16,977,478	$16,898,986	$8,206,783	$78,492
2019	$17,960,057	$17,846,875	$5,945,659	$113,182
2018	$16,527,148	$16,146,373	$3,407,359	$380,775

HEALTHCARE ACCESS MARYLAND INC